Contractual Analysis of A Power Plant

First contract to read: Power Purchase Agreement because it sets out the framework for the project,

in PPA check the

Output: in Megawatt hours

Heat Rate: A measurement used in the energy industry to calculate how efficiently a generator uses heat energy. It is expressed as the number of BTUs of heat required to produce a kilowatt-hour of energy. Convert the heat rate into fuel required to produce 1 MW electricity

Emissions: is there any environmental constraint?

What happens if the plant is unavailable: any payments made, pro-rated amount, extended outage penalties, unavailability penalties under force majeure

Agreements to read

ProjectCo and Power Purchaser :

PPA Agreement

ProjectCo and Government:

Support agreement

ProjectCo and Gas Supplier:

Gas Supply Contract, is it hedged? Take and Pay?

ProjectCo and Construction Contractor:

EPC Contract,

Is EPC Contractor experienced, build a similar project in similar size before? Is it turnkey fixed price fixed time ?

What if COD (commercial operation date) is not met by the SCD (substantial completion date)?

What are the technical and operational performance test requirements? too stringent?